Think I am being funny? Do ya?
Most of the Indians have confusion between conversion of lakhs, cores to millions and billions. Through my basic knowledge of understanding the following chart and examples will be useful.
| 1 lac | 0.1 million |
| 10 lacs | 1 million |
| 1 core | 10 million |
| 10 cores | 100 millions |
| 100 cores | 1 billion |
| 1000 cores | 10 billion |
| 10000 cores | 100 billion |
| 100,000 lac cores | 1 trillion |
We are translating Indian currency from cores to millions and billions
For an Example : Rs.363,34,45,913/-
That is 363 cores 34 lacs 45 thousand 9 hundred 13 rupees
Now Billions and Millions
300 cores = 3 billion (300,00,00,000/100,00,00,000)
633 lacs = 633 million (6,33,00,000/10,00,000)
445,000 = 445 thousand
913 = nine hundred and thirteen
That is 3 billion 633 million 445 thousand 900 hundred and thirteen
363,34,45,913
For improving skills from the above example
$ 564,34,23,958 ( 564 cores 34 lacs 23 thousand 9 hundred 58 dollars)
$ 5,643,423,958 (5 billion 643 million 423 thousand 9 hundred 58 dollars)
Difference between those two is just comas, we Indians use 2 digit separator and others use 3 digit separator.
Now refined Example
1)3.66 million
Converter is 36 lacs 60 thousand (3.66* 10,00,000=36,60,000)
2)465.34 billion
Converter is 4653 cores 40 lacs
Hope the above examples will make you to understand and calculate millions and billions. Further to improve please write suggestions to this article. Not encouraging the guests to give figures and asking me to convert. Just give your value additions to this article.
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